Aetna Joins Other Major Insurers In Pulling Back From Obamacare
“Aetna’s announcement comes less than a month after the Justice Department sued to stop the company’s planned merger with Humana, arguing that the combination would hurt competition. At the same time, the government also sued to block Anthem from purchasing Cigna.
“Sen. Elizabeth Warren, a Massachusetts Democrat, suggested Aetna’s change of heart was in response to the Justice Department’s action. In a post on her Facebook page last week, Warren questioned the company’s motives after it first hinted that it was considering cutting its participation in Obamacare.”
The exit of insurers from exchanges created by the Affordable Care Act represents a fresh challenge to the viability of the president’s signature health care law.
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